Shoppers Stop drops after two block deals

Shoppers Stop lost 0.56% to Rs 354.55 at 10:44 IST on BSE after two block deals aggregating 1.45 lakh shares were executed on BSE at Rs 352.50 per share.

A block deal of 1.20 lakh shares was executed at 9:36 IST. Another block deal of 25,000 shares was executed at 9:37 IST.

The two block deals constitute 0.17% of Shoppers Stop's equity.

Meanwhile, the S&P BSE Sensex was up 14.39 points or 0.08% at 18,994.15.

On BSE, 1.45 lakh shares were traded in the counter as against average daily volume of 6,080 shares in the past one quarter.

The stock hit a high of Rs 360 and a low of Rs 352.50 so far during the day. The stock had hit a 52-week low of Rs 321.10 on 5 October 2012. The stock had hit 52-week high of Rs 494 on 5 December 2012.

The stock had outperformed the market over the past one month till 5 September 2013, rising 1.28% compared with the Sensex's 1.06% fall. The stock had, however, underperformed the market in past one quarter, declining 3.73% as against Sensex's 3.01% fall.

The organized retailer has equity capital of Rs 41.52 crore. Face value per share is Rs 5.

Shoppers Stop's net profit spurted 228% to Rs 1.64 crore on 18.5% growth in net sales to Rs 594.77 crore in Q1 June 2013 over Q1 June 2012.

Shoppers Stop runs department stores that sell apparel, cosmetics and fashion accessories.

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